The online version of a UK newspaper has published an article about the increasing popularity of mortgage loans that exceed the twenty five year term normally used. The article notes that 15.75% of mortgage loans made in the first three months of 2017 were for 35 year (or longer) terms. In 2005 the percentage was just 2.7. The article notes the reason people are getting longer term loans is to reduce monthly payments. The article states the downside to these loans is the extra amount of money spent in interest payments. A photo of a house as bait in a mousetrap is enclosed.

Read more: Goodbye 25-year mortgages, but are we walking into a borrowing trap? – The Guardian